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global chip shortage

Nissan hikes forecasts on weak yen despite falling unit sales

TOKYO: Nissan on Wednesday upgraded its full-year profit forecasts, as the depreciating yen helps inflate its...

Published 14 Nov, 2022 07:22am

Business & Finance

GM vehicle sales tumble 15% as chip crunch, supply snags drag

General Motors Co reported a 15% drop in second-quarter auto sales on Friday, as a global chip shortage and supply...

Published 01 Jul, 2022 06:54pm

Technology

Graphic chip price drop raises questions on whether end of shortage is in sight

A sharp drop in graphic chip prices could presage an unexpectedly quick ending to a global chip crunch that has...

Published 25 Apr, 2022 11:12pm

World

US Senate advances China competition legislation

Move aimed at countering China's growing influence and easing a global shortage of computer chips

Updated 29 Mar, 2022 11:22am

Business & Finance

Ford says European production hit by chip shortage, Ukraine conflict

Ford Motor Co said on Monday vehicle production and orders in Europe have been hit by the global semiconductor...

Published 22 Mar, 2022 12:58am

Business & Finance

China's SMIC earns record revenue in 2021, boosted by global chip shortage

SHANGHAI: Business boomed last year for Chinese chip maker Semiconductor Manufacturing International Corp (SMIC) on...

Published 11 Feb, 2022 10:56am

Business & Finance

Sony hikes annual profit forecast on film, gaming success

TOKYO: Sony upgraded its full-year net profit forecast on Wednesday, buoyed by the success of its latest Spider-Man...

Published 07 Feb, 2022 05:22am

Business & Finance

TSMC says it did not release any detailed customer data in response to US request

TAIPEI: Taiwan Semiconductor Manufacturing Co Ltd (TSMC) , the world's largest contract chipmaker, said on Monday it...

Published 08 Nov, 2021 11:07am

Markets

Falling thermal coal prices drag aluminium lower

LONDON: Aluminium dropped to its lowest in nearly eight weeks on Wednesday as declining thermal coal prices eased...

Published 27 Oct, 2021 06:05pm

Business & Finance

Chip crisis crimps German, UK car sales but electric up

FRANKFURT: New car sales in Germany and Britain sank in September as a global chip shortage bedevils the auto ...

Published 05 Oct, 2021 04:37pm

World

Chip shortage shuts Opel plant in Germany

FRANKFURT: Opel will close one of its plants in Germany until the “start of 2022” as a global chip shortage ...

Published 01 Oct, 2021 04:07am

Business & Finance

New semiconductor plants will end global auto chip shortage next year: Tesla's Musk

"There's a lot of chip fabrication plants that are being built," Musk says
"I think we will have good capacity for providing chips by next year," he says

Published 24 Sep, 2021 05:45pm

Business & Finance

Daimler sees Q3 hit to Mercedes sales from chip shortage

"With the plant closings at semiconductor suppliers in Malaysia and elsewhere, the challenge has now become even greater, so that our sales in the third quarter will probably be noticeably below the second quarter," Ola Kaellenius says

Published 02 Sep, 2021 06:17pm

Business & Finance

India's top carmaker Maruti Suzuki warns of production hit from chip shortage

Total production volume across both locations could be around 40% of normal output

Updated 31 Aug, 2021 05:09pm

Technology

Chip shortage to become worse in late 2021: Intel CEO

Pat Gelsinger predicts it will get worse before getting better

Published 26 Jun, 2021 02:23pm

Business & Finance

Volkswagen sticks to 2021 profit margin forecast despite chip crunch

Volkswagen still expects to achieve a 2021 operating profit margin of between 5.5% and 7% for the group and a margin of 3% to 4% for its main brand, a spokesperson for the company said.

Published 22 Jun, 2021 04:45pm

Business & Finance

Booking of Haval SUVs stops in Pakistan

Global chip shortage derails company’s plans to sell CBUs in the country.

Updated 26 May, 2021 05:08pm

Business & Finance

Volkswagen warns of worsening output hit from chip shortage

BERLIN/LONDON: Volkswagen AG has warned managers to prepare for a bigger production hit in the second quarter than...

Published 25 Apr, 2021 03:13am

Business & Finance

Taiwan's Acer sees global chip shortage gradually easing

From delayed car deliveries to a supply shortfall in home appliances to costlier smartphones, businesses and consumers across the globe are facing the brunt of an unprecedented shortage in semiconductor microchips.
Originally concentrated in the auto industry, the shortage has now spread to a range of other consumer electronics, including smartphones, refrigerators and microwaves.

Published 06 Apr, 2021 12:22pm

Business & Finance

US automakers post high quarterly sales even as chip shortage bites

The need for increased personal safety during the COVID-19 pandemic has boosted sales for automakers, as people prefer to travel by their own cars to using public transportation.
The No.1 US automaker said it estimates that the seasonally adjusted annual sales pace for the first quarter of the year was around 16.7 million units.

Published 01 Apr, 2021 09:24pm

Business & Finance

GM further cuts production in North America due to global chip shortage

The action was factored into GM's prior forecast that it could shave up to $2 billion off this year's profit, spokesman David Barnas said.
Semiconductors are used extensively in cars, including to monitor engine performance, manage steering or automatic windows, and in sensors used in parking and entertainment systems.

Published 24 Mar, 2021 07:48pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	156.30
USD to Swiss Franc / Jan 17	0.92
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
India Sensex / Jan 17	76,619.33
Tokyo Nikkei / Jan 17	38,451.46
Nasdaq / Jan 17	19,630.20
Hang Seng / Jan 17	19,584.06
FTSE 100 / Jan 17	8,505.22
Dow Jones / Jan 17	43,487.83
Germany DAX 30 / Jan 17	20,903.39

Item	Value
Crude Oil USD/Barrel / Jan 17	78.88
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Gold Spot USD/Ounce / Jan 17	2,703.25
Cotton US¢/pound / Jan 17	67.60
Petrol/Litre / Jan 18	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

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